Gold hits new high on India talk, weaker dollar

Gold futures climbed to a new record above $1,183 an ounce Wednesday, getting a fresh head of steam after a report that India is open to buying more gold from the International Monetary Fund drew even more investors into the bullion market.

The December gold contract has gained 13% this month and has established a string of record highs. The contract only recorded one losing session in this month’s trading.